Benchmark Rate in Ecuador

Ecuador Benchmark Rate | Economic News & Forecasts

Ecuador - Benchmark Rate

Key indicators suggest the economy lost traction in the first quarter. Exports fell in January–February on a contraction in the sales of oil and lower export earnings ate into the public coffers. Moreover, slower average real wage growth and reduced credit availability likely constrained private consumption in Q1. This, coupled with a plunge in capital spending as part of fiscal adjustment efforts, further supports the likelihood of a deceleration in the quarter. While the economic activity index improved slightly in the first two months of Q1, overall the data points to a slower expansion. In the political arena, the government is set to present a second package of reforms to the National Assembly by the end of May. This includes a series of labor market reforms that will seek to improve access to formal employment and reduce the costs of hiring and firing workers, which should help curb the rise of the informal economy and lift living standards.

Ecuador - Benchmark Rate Data

2013  2014  2015  2016  2017  
Benchmark Interest Rate (%)4.53  5.18  5.14  5.12  4.95  

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Ecuador Benchmark Rate Chart

Ecuador Interest Rate
Note: 91-Day Average Deposit Rate in %
Source: Central Bank of Ecuador.

Ecuador Facts

Exchange Rate25,0000.0 %May 13
Stock Market1,3610.17 %May 13

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